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German and Austrian house owners prefer natural gas for heating

13 September 2017 , 12:07Neftegaz.RU518

More households of Germany and Austria choose gas as a source for house heating, Gazprom Export reported on September 12, 2017.

 

In 2016 about 50% of german households received thermal energy from natural gas, and further 25% from oil products.

In 2015 the share of gas in heating reached only 21.1% while oil products heating had 33.8% share.

 

The reason for the popularity of gas heating in Germany is in its low price.

Over the past 5 years, the wholesale price of gas in spot markets declined by 36%, and fell at the German border by 45%.

 

Although only one-third of this decline has reached the end user, retail gas prices in the last 4 years have decreased by 16%, reaching the 12-year minimum in 2017.

Neighboring Austria experiences a similar situation.

 

According to a study performed by the Austrian Energy Agency, natural gas remains the cheapest fuel for heating in winter 2016-2017, same as in the previous heating season.

All other fuels became more expensive since 2016.

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